Japan's Core Inflation Slows, Still Remains Above BoJ Target
Japan's core inflation, excluding fresh food prices, slowed in April 2024 for the second month in a row.
Read MoreJapan's core inflation, excluding fresh food prices, slowed in April 2024 for the second month in a row.
Read MoreThe CPI for April rose by 0.3%, a deceleration from the 0.4% increase in March, aligning with expectations.
Read MoreBoJ’s new Core CPI forecast for the fiscal year 2023 is likely to approach 3%, up from 2.5% as of July, and be set at 2% or more in sight for the fiscal year 2024. A higher inflation forecast indicates that the BoJ is confident about an increase in wages, which would drive inflation higher.
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